[Proposal] BURN and REMEDY fee with each LUNA transaction 💊 [PART I]

could you imagine? The price would skyrocket and bring back value to both new and old investors. Kwon would look like a hero instead of a Klown.

they have time controll on the part 2 thread :rage:

Please wait 4 hours between posts in this topic

Hello Everyone. Kindly Continue from here That’s the continuation thread from this. There is different OP now - see comments above.

No time given.

But I see he tweeted something an hour ago so hes up

Plea repost this in the new thread. This seems an important and reqdy to go proposal.
Hello Everyone. Kindly Continue from here That’s the continuation thread from this. There is different OP now - see comments above.

Add this to the new thread

No e don’t want me thread

See the comment Im replying to - it explains the need for a new thread.

CZ wouldn’t frontrun and gather fees…

Stop porting us over, this thread is fine

CZ would totally lead the charge. What better an incentive for traders than decreasing supply every transaction, price would :rocket: fomo would follow

1:40 pm 5/18 in Asia time and still no proposal vote posted for terra fork…interesting

1 Like

The Greatest Idea:

Establish a reward pool made of something which can be distributed via
contracts, like ETH, BTC, etc… let’s say worth 1k BTC from whatever LFG can put in.

Patch or fork the current LUNA network in such way that starting with a
chosen block, blocks will be mined by a special POS agreement, with keys participating in POS somehow registered.

The POS mechanics should be modified so it will greatly advantage balances before crash.

However, the winning balance in POS is burned (not returned).

For every winning block, the reward is something like 1/500 of the reward
pool, sent by a bridged contract (or any other algorithm which fits).

The special reward POS blocks can be interlaced with normal blocks, so they would occur, let’s say, every 10 minutes, but the network speed won’t suffer.

With careful chosen parameters, the reward pool will distributed even among LUNA owners.

It will also burn a lot of LUNA. So LUNA price will increase.

It will also reward those with big balances which chose to participate.

It will reward way more those which had coins before crash. If you want in
and bought after the crash, buy more.

So, it will also increase the price of LUNA.

Simulation, starting with 1000 BTC worth pool and distributing 1/500 every special POS block:

Block 0 left amount: 998.00000000 , reward: 2.00000000 BTC
Block 1 left amount: 996.00400000 , reward: 1.99600000 BTC
Block 2 left amount: 994.01199200 , reward: 1.99200800 BTC
Block 3 left amount: 992.02396802 , reward: 1.98802398 BTC
Block 4 left amount: 990.03992008 , reward: 1.98404794 BTC
Block 5 left amount: 988.05984024 , reward: 1.98007984 BTC
Block 6 left amount: 986.08372056 , reward: 1.97611968 BTC
Block 7 left amount: 984.11155312 , reward: 1.97216744 BTC
Block 8 left amount: 982.14333001 , reward: 1.96822311 BTC
Block 9 left amount: 980.17904335 , reward: 1.96428666 BTC
Block 10 left amount: 978.21868527 , reward: 1.96035809 BTC
….
Disclosure: I own DOGE, ETH and ETH like amounting less than few hundred dollars. I
own LUNA I bought after the crash valuing around 10 usd. I have no LUNA wallet, only what I have in exchange, so I’m not much into LUNA.

(posted this on reddit as proposal, but the moderators filtered it out)

2 Likes

Why are posts time controlled in the 2nd thread?

Sure, but the OP left so not likely anyone will update the proposal.

think hes coming back. He just doesnt have all the time

1 Like

Your offer in Terra Station is not visible. or i cant see it. !!!

here is a burning wallet terra19qu0lsugudc6vm86nt2cg0tqlafxx26zw9yms6 , I already sent my 1400 moons there. I just don’t know how to make it closed, so that it would be without a return. just delete? and continue to send the moon there?

Please don’t mislead people and post any wallets for your own benefit. Delete this.